Answered: If the number of buyers in a market…

If the number of buyers in a market decreases, then Group of answer choices A. supply will decrease B. supply will increase C. demand will increase D. demand will decrease

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 5CQQ: An increase in the supply of a good will decrease the total revenue producers receive if a. the...

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8. If the number of buyers in a market decreases, then

Group of answer choices

A. supply will decrease

B. supply will increase

C. demand will increase

D. demand will decrease

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